JW Resources acquires thermal coal mining operations

JW Resources, through its newly formed subsidiary Middlesboro Mining, has completed the acquisition of Appolo Fuels’ Bell County, Kentucky and Claiborne County, Tennessee thermal coal mining operations.

The mining complex includes approximately 33 000 acres containing an estimated 43 million t of proven and probable high-quality thermal coal reserves in the Central Appalachian (CAPP) coal basin.

Industrial coal markets

Middlesboro Mining will primarily serve the industrial coal markets and will continue Appolo’s long-standing supply relationships with several ‘blue-chip’ customers. Assets acquired in the transaction include all permits, contracts and real property leases associated with the Middlesboro Operations, as well as all related infrastructure, including:

The Middlesboro Operations’ diverse mix of surface, highwall, and underground mines will be overseen by mining executive William Snodgrass, current CEO of JW Resources.

Thermal coal reserves

With the addition of Middlesboro Operations, JW Resources now operates approximately 81 000 acres containing an estimated 85 million t of proven and probable thermal coal reserves, as well as three unit train load-out facilities, two preparation plants, and three permitted refuse facilities.

World-class coal operation

Sean Ozbold, managing director at Bayside Capital, which also owns the company, added: “We established JW Resources in partnership with Larry to acquire premier low-cost assets that are positioned to participate in the strong long-term global utility and industrial demand environment.

“After acquiring the Straight Creek Operations we evaluated more than 50 add-on acquisition opportunities, and ultimately identified the Appolo assets as the best fit due to their low-cost operations, complementary industrial customer base and close proximity to Straight Creek. JW Resources is now a world-class CAPP coal operation that is well positioned to benefit from the improving utility market and the highly stable industrial market.”